In a decision Friday to keep its key rate static, the Central Bank of Russia said it was unwavering on its estimate of risk outlook tied to oil price volatility. The bank kept its key rate stable at 7.25 percent annually. The inflation outlook is low, but the value of the national currency was under pressure from geopolitical tensions. Inflation is forecast to run between 3 and 4 percent for the year and consumer prices are on par with those in advanced economies, but the bank said it recognized there may be some underlying risk. Western-backed sanctions target Russian energy companies, creating pressure on some of the largest sources of revenue for the government. Russia, however, is party […]